10
See all 10 photos
$11,000,000
Est. payment /mo
1.26 Acres Lot
New
181 Monterey RD South Pasadena, CA 91030
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS25179661
HOA Y/N No
Lot Size 1.260 Acres
Property Description
We are pleased to present an exceptional development opportunity in the heart of South Pasadena, a community renowned for its strong market fundamentals and desirable quality of life. This offering includes three contiguous parcels totaling 1.26 acres, delivered with all entitlements secured and plans approved for a 51-unit condominium complex.
The approved plans call for a modern, 7-story courtyard-style building, encompassing approximately 70,824 total living square feet. The design includes two levels of subterranean/podium parking, topped by five floors of thoughtfully designed residential units.
South Pasadena is consistently recognized as one of Southern California's premier residential markets. The city's "green city" ethos, combined with its rich cultural scene, top-tier schools, and convenient access to major employment centers, makes it a highly sought-after location for homeowners. This project is perfectly positioned to meet the significant demand for new, high-quality residential housing in a market with extremely high barriers to entry.
This is a rare chance for a developer or investor to acquire a shovel-ready project and immediately begin construction, minimizing pre-development risk and accelerating time-to-market.
The approved plans call for a modern, 7-story courtyard-style building, encompassing approximately 70,824 total living square feet. The design includes two levels of subterranean/podium parking, topped by five floors of thoughtfully designed residential units.
South Pasadena is consistently recognized as one of Southern California's premier residential markets. The city's "green city" ethos, combined with its rich cultural scene, top-tier schools, and convenient access to major employment centers, makes it a highly sought-after location for homeowners. This project is perfectly positioned to meet the significant demand for new, high-quality residential housing in a market with extremely high barriers to entry.
This is a rare chance for a developer or investor to acquire a shovel-ready project and immediately begin construction, minimizing pre-development risk and accelerating time-to-market.
Location
State CA
County Los Angeles
Area 658 - So. Pasadena
Zoning SPR310000*
Interior
Fireplace No
Exterior
Community Features Biking, Hiking, Suburban, Sidewalks, Park
View Y/N Yes
View City Lights, Mountain(s), Neighborhood
Building
Lot Description 36-40 Units/Acre, Lot Over 40000 Sqft, Level, Near Park, Sloped Up
Water Public
New Construction No
Others
Senior Community No
Tax ID 5311015035
Acceptable Financing Cash, Contract, 1031 Exchange
Listing Terms Cash, Contract, 1031 Exchange
Special Listing Condition Standard
Listed by MING SONG RE/MAX PREMIER/ARCADIA 626-456-0818